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the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on to make obama care a success. joining me is dr. coreyhebert and elizabeth plank, executive social editor at policy mike. it's great to have you both here. elizabeth, in just a few hours policy mike is launching this week-long competition at today's youth summit. tell us about the competition and how you're hoping to engage the conversation about insurance. >> sure. we're really excited to be launching this competition today at the white house. we're going to be inviting millennials from across the country to give their ideas, their proposals and project ideas about
the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on...
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our economy is improving. we have doubled our production of clean energy. doubled our production of traditional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. we still have the best universities on earth, the best researchers and scientists on earth, the best workers on earth and the most innovative companies on earth and we're still the envy of the world and the most indispensable nation. so i continue to have confidence in our ability to solve our problems. there is a specific problem that we've got, and that is a congress, and this city, washington, that is gridlocked and spends too much time worrying about the next election and not enough time worrying about the next generation. and, you know, the solution to that is ultimately what was envisioned by our founders and what jack kennedy understood as well, and that's the american people. you know. we go through these periods where our politics gets all mixed up. and the truth is we're nostalgic about the past. >> i am. >> i
our economy is improving. we have doubled our production of clean energy. doubled our production of traditional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. we still have the best universities on earth, the best researchers and scientists on earth, the best workers on earth and the most innovative companies on earth and we're still the envy of the world and the most indispensable nation. so i continue to have...
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is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the question as to whether even if the health care law seems to be working pretty well and even if the economy comes back, whether this sense of him as a weak president or somebody who was too detached has taken hold and it does divorce him from the forces that are changing the economy. >> fred, when you look at 2014, i know that it's easy to say it's going to be a bad year for the democrats because of health care and the president's job rating. you have this recovering economy. i assume that benefits all incumbent governors first. does it help democrats? >> yes, i do. i t
is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the...
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our economy is improveth. we have double our production of clean energy, doubled our production of traditional energy sources. we are on the brink of being energy independent as a country our size to be. we have the best researchers, scientists on earth, and the most innovative companies on earth. we're still the envy of the world. i continue to have great confidence in our capacity. this city washington is grid locked and spends too much time worried about the next election and not enough worried about the next generation. what jack kennedy understood as well. that's the american people. we go through these periods where our politics gets all balanced up. the truth is sometimes we're nostalgic about the past. >> i am. >> i know you are. if over and over again they see they are not addressing the core problems we have, eventually they will put in place folks who are serious about getting the work done. >> let's talk about the problem with the legislative branch. the nature of america is an aisle down the cente
our economy is improveth. we have double our production of clean energy, doubled our production of traditional energy sources. we are on the brink of being energy independent as a country our size to be. we have the best researchers, scientists on earth, and the most innovative companies on earth. we're still the envy of the world. i continue to have great confidence in our capacity. this city washington is grid locked and spends too much time worried about the next election and not enough...
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the economy did care. a lot. that debt kept piling up and as it got bigger, investors and speculators raced to repackage and resell the debt before they got stuck with a bill. and when the bills came due, an explosion hit the home loan market, spread to the stock market and sparked a global credit crisis that led to the crash, the bailouts and yes, today's ongoing jobs crisis. flash flood to 2010. congress said it wanted to crack down and prevent another crash. the key goal was removing the temptation for banks to issue bad loans that they could pawn off on the rest of us. the policy objective was to make banks stand by their loans by requiring some ownership so they had skin in the game. >> everybody has to keep some skin in the game. >> everyone will need to have a little skin in the game. >> some skin in the game. >> everybody is going to have some skin in the game. >> congress passed the dodd/frank reform with a rule that banks must hold at least 5% of most home loans, and there was one exemption for super sa
the economy did care. a lot. that debt kept piling up and as it got bigger, investors and speculators raced to repackage and resell the debt before they got stuck with a bill. and when the bills came due, an explosion hit the home loan market, spread to the stock market and sparked a global credit crisis that led to the crash, the bailouts and yes, today's ongoing jobs crisis. flash flood to 2010. congress said it wanted to crack down and prevent another crash. the key goal was removing the...
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it's not it's the economy, stupid. in ukraine it looks like a cold war up rising stuck in a debate over democracy. we will go live to kiev for the latest. good morning from washington. this is "the daily rundown." coming up, a deep dive into bit coin and how it could fit into the world's phi national future. this is a wild new currency gaining steam online. let's get to the first reads of the morning. you can call the last month and a half for the republican party. after losing the last two contests after the shut down in the midst of a battle in the party, republicans clearly have the political swlj it comes to health care. they are in a bit of a quandary. they believe healing care is a winning issue, they are not sure of the next move. the president will test out some of the themes of the upcoming state of the union address and will provide a window into where he focuses energies over the next three years. this is the need for upward mobility. the president will explain how the health care law fits into his vision, e
it's not it's the economy, stupid. in ukraine it looks like a cold war up rising stuck in a debate over democracy. we will go live to kiev for the latest. good morning from washington. this is "the daily rundown." coming up, a deep dive into bit coin and how it could fit into the world's phi national future. this is a wild new currency gaining steam online. let's get to the first reads of the morning. you can call the last month and a half for the republican party. after losing the...
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whether it is economy, jobs, protecting the american people from obama care, we have done our work. >> that is true, speaker boehner, the tsa loose change act is not the only thing you passed. there have been some really, really undercover highlights. for instance h.r. 1071, to specify the size of the precious metal coins for the baseball hall of fame. congress has done a very nice thing for one of their retired colleagues. h.r. 22 89d to rename section 219 c of the internal revenue code of 1986 as the kay bailey spousal ira. there is the free to fish act. a bill to prohibit the corps of engineers to take actions to establish a restricted area of public waters down stream of a dam so people can fish at dams without restriction because of treatment. if you detect sarcasm in my voice, it's because i'm frustrated with house republicans. one of the most insidious aspects of a congress that so habitually underperforms, is begin to underperform in imagining what can happen. but i know why the caged bird sings. in the last eight days, this congress could to do a tremendous amount of good for
whether it is economy, jobs, protecting the american people from obama care, we have done our work. >> that is true, speaker boehner, the tsa loose change act is not the only thing you passed. there have been some really, really undercover highlights. for instance h.r. 1071, to specify the size of the precious metal coins for the baseball hall of fame. congress has done a very nice thing for one of their retired colleagues. h.r. 22 89d to rename section 219 c of the internal revenue code...
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our economy is improving. we have doubled our production of clean energy. doubled our production of traditional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. we still have the best universities on earth, best researches and scientists on earth and most innovative companies on earth. and we're still the envy of the world and the one indispensable nation. i continue to have great confidence in our capacity to solve our problems. there is a specific challenge that we've got. and that is a congress. and this city, washington, that is grid locked and spends too much time worrying about the next election, and not enough time worrying about the next generation. and you know, the solution to that is ultimately what was envisioned by our founders and what jack kennedy understood, as well. and that's the american people. you know, we go through these periods where our politics gets all boll objectioned up. and sometimes we're nostalgic about the past. >> i am. >> i know you are. but t
our economy is improving. we have doubled our production of clean energy. doubled our production of traditional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. we still have the best universities on earth, best researches and scientists on earth and most innovative companies on earth. and we're still the envy of the world and the one indispensable nation. i continue to have great confidence in our capacity to...
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the economy isn't dying at all. in fact, there are more and more signs it's thriving under the president's leadership. according to the new monthly jobs report out today, the economy added more than 200,000 jobs in november. and the unemployment rate is down to 7%, lowest level in five years. the president's enemies responded to the news the only way they know how by attacking the affordable care act. well, here's only a sampling of their reactions to the good jobs news. keep in mind, these are statements supposedly about the jobs report. speaker boehner said, we need to protect all americans from the fundamentally flawed health care bill. eric cantor had this to say. quote, stop obama care from reducing hours and eliminating jobs. peter roscom of illinois said we continue to see the lost coverage, cost spikes on the strain of the president's health care law. then there's this sugar plum from tom price of georgia who dug up the old refrain that millions of americans are going to see their policies canceled. it seems
the economy isn't dying at all. in fact, there are more and more signs it's thriving under the president's leadership. according to the new monthly jobs report out today, the economy added more than 200,000 jobs in november. and the unemployment rate is down to 7%, lowest level in five years. the president's enemies responded to the news the only way they know how by attacking the affordable care act. well, here's only a sampling of their reactions to the good jobs news. keep in mind, these are...
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the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at low wage work. so you don't have the demand that would spark business investment. >> and the president today i think was making this very practical case, which was interesting, he kept saying it is not ideological, this is actually the thing that is not working. i think that pragmatic argument has been a rising argument in the last few years. >> oh, no, there has been speculation on the right wing, the left wing, the data is out, it is correlated with sluggish growth. that some of the most equal societies in the world actually have the highest economic growth and the more emphasis on education. we taught the nat
the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at...
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economy. those are the jobs we need to raise wages for. >> jack brings up an important point, seven out of ten growth occupyings through 2020 are low-wage jobs. this the american job market. the president has supported this, we have a lot of democrats who have come out and supported thchl i think it is much harder, actually, for conservatives to dismiss the minimum wage in the way they dismiss other parts of the social safety net. this is not an entitlement program. there's economic stimulus. i think this puts conservatives in a tough position. >> it does put republicans in a tough position. majority of republicans think this is a good idea. the president talked beauty this yesterday. he's been talking about this for as long as he's been in public life. how is it we get more hone into the hands of working americans so we can grow the economy with people actually going out and working every day and building the economy with their hands and their brains. the next challenge for the democrats, how
economy. those are the jobs we need to raise wages for. >> jack brings up an important point, seven out of ten growth occupyings through 2020 are low-wage jobs. this the american job market. the president has supported this, we have a lot of democrats who have come out and supported thchl i think it is much harder, actually, for conservatives to dismiss the minimum wage in the way they dismiss other parts of the social safety net. this is not an entitlement program. there's economic...
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but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's health care costs down to zero, they could cure cancer, and conservatives would be shouting from the rooftops that it's a disaster. i think this california thing is hysterical. in part because it's the sort of natural conclusion of the republican panic about this. they vote in mass against the law even though it originated in republican ideas. they vote to try to repeal it unsuccessfully. the website they think will sink it, and then they just throw toilet paper at it. >> and in the absence of a website that wasn't malfunctioning, they created their own website to malfunction, right? they weren't served a gift
but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's...
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it will be good for our economy. it will be good for our families. [ applause ] number four, as i alluded to earlier, we still need targeted programs for the communities and workers that have been hit hardest by economic change in the great recession. these communities are no longer limited to the inner city. they're found in neighborhoods hammered by the housing crisis, manufacturing towns hit hard by years of plants packing up, land-locked rural areas where young folks oftentimes feel like they've got to leave just to find a job. they're communities that just aren't generating enough jobs anymore. so we put forward new plans to help these communities and their residents because we've watched cities like pittsburgh or my hometown of chicago revamp themselves. if we give more cities the tools to do it, not handouts but a hand up, cities like detroit can do it too. so in a few weeks, we'll announce the first of these promise zones, urban and rural communities where we'll support local efforts focused on a national goa
it will be good for our economy. it will be good for our families. [ applause ] number four, as i alluded to earlier, we still need targeted programs for the communities and workers that have been hit hardest by economic change in the great recession. these communities are no longer limited to the inner city. they're found in neighborhoods hammered by the housing crisis, manufacturing towns hit hard by years of plants packing up, land-locked rural areas where young folks oftentimes feel like...
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our economy is improving. we have doubled our production of clean energy. doubled our traditional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. a we still have the best universities and companies on earth. we're the envy of the world. so i continue to have great confidence in our capacity to solve our problems. there is a specific challenge that we've got. that is a congress and this city, washington, that is gridlocked and spends too much time worrying about the next election and not the generation. the solution to that is ultimately what was envisioned by our founders. and what jack kennedy understood as well. and that's the american people. question go through these periods where aur politics gets all bollucks up. the truth is when you look at our history, there's been a lot of times where congress gets stuck. but the reason we get through it is the american people have good instincts. if over and over again they see we're not addressing the core problems we have, eventua
our economy is improving. we have doubled our production of clean energy. doubled our traditional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. a we still have the best universities and companies on earth. we're the envy of the world. so i continue to have great confidence in our capacity to solve our problems. there is a specific challenge that we've got. that is a congress and this city, washington, that is...
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economy is finally healing. and it could prove to be an important issue, of course for democrats next year despite the rocky rollout of healthcare.gov. our first read team puts it this way, six months from now vulnerable democratic senators and gop governors could have a positive message to tell next year to constituents that backed up by the facts the economy is getting better and better each month. joining me live now, nbc news senior political editor mark murray and clair voiant because we're looking how this is playing out. it is intriguing to see what will help those who are perhaps in a lot of trouble. >> it is pretty clear when you're looking ahead to the 2014 midterm, so much analysis and thought has been talked about the president's health care law or republicans shut down back in october. not a lot of attention has been paid to the economy. when you look at the story of the economy over the past year, even over the past 24 months, things are getting much better. it isn't out of the realm of possibility
economy is finally healing. and it could prove to be an important issue, of course for democrats next year despite the rocky rollout of healthcare.gov. our first read team puts it this way, six months from now vulnerable democratic senators and gop governors could have a positive message to tell next year to constituents that backed up by the facts the economy is getting better and better each month. joining me live now, nbc news senior political editor mark murray and clair voiant because...
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it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of jobs bill awaiting action in the democratic-run senate. >>> good news on the jobs front. 203,000 jobs were added in november, and the unemployment rate dropped to a five-year low of 7%. kristen welker, good saturday morning to you. what's the white house's take on the latest numbers? >> alex, good morning to you. the white house certainly touting the fact that the unemployment rate at its lowest level in five years. also highlighting the fact that a lot of this job gr
it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans...
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you know that the fastest growing economies on the globe are in africa. south africa is the economy that has been stagnant over the course of the last few years following the recession that all of us are struggling to recover from. i will tell you that over 600 american countries on the ground here in south africa are bullish and optimistic about the future here spent a lot of time talking to both investors and young people who were entering the job market here and they are optimistic about the opportunities, but they know there real challenges particularly around education to make certain there is a sustainable economy and the shared prosperity this this country. >> one of the things i want to do with you, you were talking with andrea off camera and i am glad you brought up the cold war point. history and a reminder of what that -- how frankly we were behind the times as a government when it came to dealing with the anti-apartheid movement back in the 80s and how that should make us think certain things today. >> i think the cold war mentality that andre
you know that the fastest growing economies on the globe are in africa. south africa is the economy that has been stagnant over the course of the last few years following the recession that all of us are struggling to recover from. i will tell you that over 600 american countries on the ground here in south africa are bullish and optimistic about the future here spent a lot of time talking to both investors and young people who were entering the job market here and they are optimistic about the...
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economy of a company like boeing making great planes. and they do make great planes. they make the best planes in the world. they have the best aircraft workers in the world in washington. they wanted to re-negotiate a labor contract a couple years ahead of its expiration. the state of washington was willing to give $9 billion in tax incentives, the largest in the history of the state by far to keep boeing there. and it's not like boeing is in debt. $4 billion in profits last year. good stock price, all of those orders as you indicate, and what i see this becoming, unfortunately, is a race to the bottom. and that's not a race that we want our workers to be in. that's not ultimately a race that's going to be good for the u.s. economy. >> doesn't question come up about boeing's quality because the work force is there in seattle, all of the infrastructure, when i say infrastructure, i'm talking about all of the guts that are put together to put an aircraft like this together. this is going to have to be major facility construction in these other states that simply can't
economy of a company like boeing making great planes. and they do make great planes. they make the best planes in the world. they have the best aircraft workers in the world in washington. they wanted to re-negotiate a labor contract a couple years ahead of its expiration. the state of washington was willing to give $9 billion in tax incentives, the largest in the history of the state by far to keep boeing there. and it's not like boeing is in debt. $4 billion in profits last year. good stock...
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. >> the other issue obviously is the economy. >> the economy remains the single biggest concern. >> washington consistently failed to act. >> these aspare teas have become too big to ignore. >> making an action across the board. >> raising minimum wage, assistance to the long-term unemployed. something of a warning call to the american dream. >> it is not simply a moral claim. >> it's rooted in the personal. >> so we can make a difference on this. >> there are 19 shopping days to find health insurance on the government exchange. 29,000 people reportedly completed the application and selected a health plan on the federal exchange on sunday and monday but we don't exactly know how many of them completed the purchase and have paid their first premium. today, president obama told young supporters at the afford kabl care act youth summit how they can help make health care reform a success. >> the truth is, that for your friends and family, the most important source of information is not going to be me. it's going to be you. they are going to trust you if you're taking them on a website,
. >> the other issue obviously is the economy. >> the economy remains the single biggest concern. >> washington consistently failed to act. >> these aspare teas have become too big to ignore. >> making an action across the board. >> raising minimum wage, assistance to the long-term unemployed. something of a warning call to the american dream. >> it is not simply a moral claim. >> it's rooted in the personal. >> so we can make a difference...
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it's good for their kids. >> it's good for the economy. >> it's good for the economy and the middle class. >> jared, in minimum wage good for the economy? you're the economist of the three of us. >> sure. very much so in the way that randi was just mentioning. obviously if you're in the bottom, say, third of the income scale, the folks who benefit from minimum wage increases, if they get a raise, if their paycheck goes up a bit, sure they're going to spend it and we're a 70% consumption economy. of course it helps in that regard. i wanted to add something to randi's analysis. it's not just that families will get more money and spend it on things they need. what we saw in the 2000s is that they'll spend more money even if they don't have it and they'll do so through credit. and we have had these massive credit bubbles that have proved to be not only unsustainable but deeply damaging when they bust. so when the economy is growing, if all that growth concentrates at the top, president obama spoke about this eloquently this week. not only is it obviously bad for low income people, but it's un
it's good for their kids. >> it's good for the economy. >> it's good for the economy and the middle class. >> jared, in minimum wage good for the economy? you're the economist of the three of us. >> sure. very much so in the way that randi was just mentioning. obviously if you're in the bottom, say, third of the income scale, the folks who benefit from minimum wage increases, if they get a raise, if their paycheck goes up a bit, sure they're going to spend it and we're a...
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the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles for a while now, thank you so much for joining me. appreciate it. >> thank you. >> joining me now, heda bruche with the washington center for equitable growth, housed at the center for american progress, a progressive think tank. heather, can we start basic here? what is unemployment insurance and why do we have it? >> thanks for asking, chris. that's a great question. unemployment insurance are benefits there when somebody loses their job through no fault of their own. it's benefits that are supposed to help them make ends meet while they search for a new job, and critically, these be
the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles...
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and government can't solve all of that and we live in an economy that is global and technological and changing faster than ever before in history but government can't stand on the sidelines when we're doing that and without some faith in our capacity for collection t collective action, government is us. govern's ngovernment's not somebody else. members of congress have the capacity to change it, member as well as the president. >> let's talk about these young people who came here to study government and how it can be run. there's theories about how to become president of the united states. kennedy had direct contact with his cabinet writers and then strong chief of staff, the military command system of general eisenhower as president and of course ronald reagan did it with a superb chief of staff, a strong one, jim baker. zeke emanuel said there should have been a ceo assigned to you with unique responsibility to oversee health care. there wasn't. when secretary sebelius appeared and it was asked who was in charge? and it didn't seem like there was a strong top-down authority system f
and government can't solve all of that and we live in an economy that is global and technological and changing faster than ever before in history but government can't stand on the sidelines when we're doing that and without some faith in our capacity for collection t collective action, government is us. govern's ngovernment's not somebody else. members of congress have the capacity to change it, member as well as the president. >> let's talk about these young people who came here to study...
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the basic bargain at the heart of our economy. this increasing inequality is most pronounced in our country. a child may never be able to escape poverty, because she lacks a decent education or health care. that should offend all of us. what drives me is a grandson, a son, a father, an american, is to make sure that every striving, hard-working, optimistic kid has the same incredible chance that this country gave me. dr. king once said, of all the forms of inequality, injustice in health care is the most shocking. not anymore. if you still don't like obama care, you owe it to the american people to tell us what you are for. not just what you're against. >>> here at 30 rock, we are counting down to tonight's lighting of the famous rockefeller christmas tree. that war on christmas, a lot of hum bug, of course. but as president obama prepares to join in the national tree-lighting on friday, he's got a few other things to attend to. first, including a long list of policy goals that he wants to achieve for the american people. starting
the basic bargain at the heart of our economy. this increasing inequality is most pronounced in our country. a child may never be able to escape poverty, because she lacks a decent education or health care. that should offend all of us. what drives me is a grandson, a son, a father, an american, is to make sure that every striving, hard-working, optimistic kid has the same incredible chance that this country gave me. dr. king once said, of all the forms of inequality, injustice in health care...
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the real issue is going to be the economy. the average wages of working americans declined in the past ten years, how do rewe restore growth in the pocket books not just in the stock market for the american people? we've got to lean in on that and start addressing the concerns of parents trying to send their kids to college, get them jobs. retirement security, these are things that have been put on the side and it's really a discredit that congress is focusing on middle class concerns. >> congressman, to that point, we're seeing a rising movement across the country in support of raising the minimum wage, something that republicans and congress seem to have no interest in doing. but are you hearing from constituents that that's a concern to them? do you think ultimately we could see enough pressure brought to bear that even republicans in congress admit that we need to raise the minimum wage that it would be good for the economy and lift a lot of people out of poverty? >> absolutely. when you see the stories about food service
the real issue is going to be the economy. the average wages of working americans declined in the past ten years, how do rewe restore growth in the pocket books not just in the stock market for the american people? we've got to lean in on that and start addressing the concerns of parents trying to send their kids to college, get them jobs. retirement security, these are things that have been put on the side and it's really a discredit that congress is focusing on middle class concerns. >>...
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dollars are spent on farmers markets, that money stays in local economies. we're starting to get traction there. people understand when they understand health outcomes of people living on a poor diet, educational outcomes, i think they start to take notice. >> tom, i'm going to open up to my friends in new york. we talked about income inequality in the last block. here is an example of structural, systemic failures that throwed historic highs in terms of poverty. we are talking about cuts to food stamps. i wonder from your standpoint whether you think democrats and progressives have paid enough attention to this issue, which is hunger in america, and whether democrats have ceded too much ground to the right. at this moment being where we are on poverty, we're talking about cuts to food stamps instead of at the very least maintaining funding we have. >> this is an interesting question when we've just extolled the virtue of obama's ability to negotiate. what that represents and we talk about mandela. listen, we obviously made jokes all morning about the gridlo
dollars are spent on farmers markets, that money stays in local economies. we're starting to get traction there. people understand when they understand health outcomes of people living on a poor diet, educational outcomes, i think they start to take notice. >> tom, i'm going to open up to my friends in new york. we talked about income inequality in the last block. here is an example of structural, systemic failures that throwed historic highs in terms of poverty. we are talking about cuts...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> president obama will be joining me on the "hardball" college tour tomorrow. and if you have any questions for him, just go to the "hardball" page on msnbc.com. smi submit your proposed question on the comment section. and we'll be right back. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >>> if you still don't like obama care, and i know you don't
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> president obama will be joining me on the "hardball" college tour tomorrow. and if you have any questions for him, just go to the...
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and on the topic of the economy, the november jobs report is out friday. it will be closely watched. some are expecting the unemployment rate to drop as much as .5%, not because americans are getting hired but because the dip in unemployment is due to washington removing more than one million long term unemployed people off the benefit roles. jobless benefits were 1.3 million people set out to run out on january 1st. >> yeah, there is only a few days left for congress to do that. listen, amazon made a lot of news with that drone story delivering packages. it turns out they're not alone in trying this out. >> brian, the drum wars are upon us. it's not just amazon. ups and google are also testing their own versions of delivery drones. u.p.s. neither confirming or denying the reports of the testing and a google watchdog site says the company has been testing drones as recently as february. it looks like we'll be getting drone delivery sometime soon. i'm not sure how they can get in my apartment bulgd. >> i think new york will be a nightmare when it comes to t
and on the topic of the economy, the november jobs report is out friday. it will be closely watched. some are expecting the unemployment rate to drop as much as .5%, not because americans are getting hired but because the dip in unemployment is due to washington removing more than one million long term unemployed people off the benefit roles. jobless benefits were 1.3 million people set out to run out on january 1st. >> yeah, there is only a few days left for congress to do that. listen,...
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we're going to turn to the economy. wall street is reacting positively despite today's better than expected jobs report. i say despite because series of positive results could signal it's time to turn the policies. a net gain of 203,000 jobs. the unemployment rate slid to five-year low of 7%. over the past four months, the economy gained an average of more than 200,000 jobs each month. that's up sharply from the previous four months. okay, if it's jobs friday, it times for our dynamic economic duo, jared bernstein and peter marchi, even you have to feel good about this jobs report. >> i think this is a good jobs report given what we've been through. >> easy, jerry. >> i would like to have more jobs and be around 300,000, 400,000 but i think next year will be even better. so much so i think it is time to start to withdraw the stimulus and start focusing on budgetary priorities in terms of what do we really want to do. what do we really need and worry less about stimulus but more about the fundamentals. we need to rebuild
we're going to turn to the economy. wall street is reacting positively despite today's better than expected jobs report. i say despite because series of positive results could signal it's time to turn the policies. a net gain of 203,000 jobs. the unemployment rate slid to five-year low of 7%. over the past four months, the economy gained an average of more than 200,000 jobs each month. that's up sharply from the previous four months. okay, if it's jobs friday, it times for our dynamic economic...
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that has consequences for the economy, people's ability. >> the safety net. >> the whole thing starts to crumble. i hear about red states blue states but a deeper hypocrisy. republicans have said they like devolution. they said we're going to cut subsidies, direct subsidies for state hospitals under medicaid. instead we're going to create the power of the states to opt in instead of direct subsidies people are going to get individual coverage. there's going to be more individual responsibility brought to bear. by the way, the federal government is going to cover 100% of the medicaid expansion for two years and 90% thereafter. there is literally no reason for states to opt out. they are doing so purely i had logically. in the case of georgia the government is saying the government was wrong to cut subsidies in the first place, begging for subsidies back rather than taking responsibility. >> dr. siegel, i want to ask you, in terms of this dynamic, you are familiar with many hospitals across the country. are they speaking up? are they speaking to elected representatives in state houses a
that has consequences for the economy, people's ability. >> the safety net. >> the whole thing starts to crumble. i hear about red states blue states but a deeper hypocrisy. republicans have said they like devolution. they said we're going to cut subsidies, direct subsidies for state hospitals under medicaid. instead we're going to create the power of the states to opt in instead of direct subsidies people are going to get individual coverage. there's going to be more individual...
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wage increase and they spend that money and put it right back into the economy. those are the workers that eat at the establishments they work at. you might think of walmart wokkers buying more goods at walmart so this is a form of economic stimulus, but aside from the economic argument, chris, when half of all american workers make $27,000 or less that is unsustainable for our economy. it's unsustainable for creating a broad, middle class and it's a moral issue as well as an economic issue. >> kendall who is organizing this today was on my program a couple of days ago and he talked about the fact that it was a moral imperative and we heard about it yesterday who was facing a loss of pension, but he sees these issues in those same kind of moral terms and here's something else that kendall fell said to me earlier this week. >> the thing is they work for some of the richest corporations in the world. mcdonald's made about $5.5 billion in profit and that's after they pay all of the bills and pay all of the salaries and these workers, a lot of them are living in home
wage increase and they spend that money and put it right back into the economy. those are the workers that eat at the establishments they work at. you might think of walmart wokkers buying more goods at walmart so this is a form of economic stimulus, but aside from the economic argument, chris, when half of all american workers make $27,000 or less that is unsustainable for our economy. it's unsustainable for creating a broad, middle class and it's a moral issue as well as an economic issue....
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it's going to actually constrict the economy. so all these assaults on government and what the government does are really, you know, efforts to hurt ourselves to constrain it growth. and that's what was so important about the president's speech. he's making clear how we're all better off when we ensure that everyone can reach their opportunity, that everyone can reach their full potential. and i thought that's why i agree with congressman fattah. >> at every level of the country. i'm going to have to leave it there. thank you both for your time. >>> coming up. it's working! new obama care numbers show a surge. and republicans can't take it. so they're recycling their old tactics. >>> plus, get this one. speaker boehner is blaming democrats for obstruction. sounds out of this world, right? well, today a real connection between the party and outer space. >>> and from cutting food stamps to bill o'reilly saying jesus would not be down with welfare. >>> and first dog sunny is making big news today. wait until you see why. the day we
it's going to actually constrict the economy. so all these assaults on government and what the government does are really, you know, efforts to hurt ourselves to constrain it growth. and that's what was so important about the president's speech. he's making clear how we're all better off when we ensure that everyone can reach their opportunity, that everyone can reach their full potential. and i thought that's why i agree with congressman fattah. >> at every level of the country. i'm...
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>> president's het care law continues to wreak havoc on american families small businesses and our economy. it's not just a broken website. this bill is fundamentally flawed. >> and back to the "washington post" report, it did reveal another headache, errors have affected roughly one third of the people who signed up for health plans since october 1st. those errors include failure to notify insurers about new customers, dup my cat enrollments on misinformation. jay carney addressed that report a few minutes ago. >> our general contractor has stood up a team of experts working already closely with issuers to make sure that every a 34 form past and present is accurate. we believe that and our confident that they will be able to ensure that accuracy in time for the january 1st beginning of coverage. >> peter alexander joins me. peter, it is a new day, new tone and we will hear from the president shortly. in a sense, maybe not the icing on the cake but certainly a show of confidence in the last 24 hours. >> reporter: it is a show of some public confidence right now. it's certainly a new tone,
>> president's het care law continues to wreak havoc on american families small businesses and our economy. it's not just a broken website. this bill is fundamentally flawed. >> and back to the "washington post" report, it did reveal another headache, errors have affected roughly one third of the people who signed up for health plans since october 1st. those errors include failure to notify insurers about new customers, dup my cat enrollments on misinformation. jay carney...
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we'll discuss his pivot from the health care to the economy. and we will talk with new york attorney general eric schneiderman on the multi-million dollar crackdown of jpmorgan and the future of too big to fail. all that when "now" starts right after this. your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >>> how much longer can fast-food ceos hold the line at $7.25? it's thursday december 5th and this is "now." from houston to kansas city, from chicago to indianapolis, memphis to charlotte, pittsburgh to boston and on over to new york city. fast-food work
we'll discuss his pivot from the health care to the economy. and we will talk with new york attorney general eric schneiderman on the multi-million dollar crackdown of jpmorgan and the future of too big to fail. all that when "now" starts right after this. your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better...
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and had a ripple effect through the economy where it turned things around. so when i talk about jobs and when i talk about commitment and infrastructure, and investment in america, this guy has had it right all along. au all the way back to 2009. and is here we are in almost 2014, and all the republicans could do is be against the working folk of america? merry christmas. get your cell phones out. i want to know what you think. tonight's question. will republicans ever admit saving the automobile industry was the right thing to do? text a. for yes, text b. for no to 67622. you can always go to our blog at ed.msnbc.com. we'll bring the results later in the show. i'm still waiting for the story on fox. they ought to be jumping up and down underneath the christmas tree, saying, we're out of the car business! we're finally done. it's over oh. whew. we dodged that bullet. no more obama motors. for more, let me bring in the mayor of lancing michigan, and leo gerard. great to have you with us tonight. >> happy to be here. >> i know you're busting at the seams, beca
and had a ripple effect through the economy where it turned things around. so when i talk about jobs and when i talk about commitment and infrastructure, and investment in america, this guy has had it right all along. au all the way back to 2009. and is here we are in almost 2014, and all the republicans could do is be against the working folk of america? merry christmas. get your cell phones out. i want to know what you think. tonight's question. will republicans ever admit saving the...
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making sure our economy works for every working american. that's why i ran for president. >> you know, i do think that this is the issue that sort of most motivates this president. how do you think his time in office will be judged in terms of what he's done to alleviate inequality? >> you know, so far his presidency has not been great for lower income folks. but he has time now. you know, part of that is the fed has helped wall street while main street has continued to suffer. the obama care bill has helped big pharma and insurance companies. and there hasn't been a lot of focus on closing looploopholes. i think this speech, if it does signal the beginning of a new, sustained focus for him, could be hopefully a turning point because we do need as a country moral leadership like the kind that the president could provide to focus on this problem, and it doesn't have to be a zero-sum game between left and right, democrat and republican. i have written a lot about how republicans have been terrible at even talking about the problem of poverty,
making sure our economy works for every working american. that's why i ran for president. >> you know, i do think that this is the issue that sort of most motivates this president. how do you think his time in office will be judged in terms of what he's done to alleviate inequality? >> you know, so far his presidency has not been great for lower income folks. but he has time now. you know, part of that is the fed has helped wall street while main street has continued to suffer. the...
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the fact is our economy is actually paying for this anyway. why not give people the dignity of a minimum wage increase for $7.13, proposal we have in the congress to $10.10. index to inflation so no longer will we have to engage in this debate about whether our wages are really keeping up with inflation of the economic benefit for us is about $33 billion a year in terms of gdp growth. >> congresswoman, i also just played a bit of speaker boehner's briefing today when he acknowledged a "politico" report by mike allen that republicans are coaching their candidates on how to be more sensitive if they have female opponents. he's trying to coach members of republican caucus to be more sensitive to female and women's issues. do you think that's the problem? >> i think women are sensitive to the fact you can talk the talk but if you don't walk the walk in terms of policies you offer, being nice about it in a sensitive way isn't going to make a difference for women. part of the reason you see that huge divide, what seems like a conversation that shoul
the fact is our economy is actually paying for this anyway. why not give people the dignity of a minimum wage increase for $7.13, proposal we have in the congress to $10.10. index to inflation so no longer will we have to engage in this debate about whether our wages are really keeping up with inflation of the economic benefit for us is about $33 billion a year in terms of gdp growth. >> congresswoman, i also just played a bit of speaker boehner's briefing today when he acknowledged a...
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government shutdown and do keep the spending caps in place and don't raise taxes at a time when the economy is still weak and i think we can accomplish that over the next couple days. >> one issue still being debated extending long-term unemployment benefits. last week house mortgage leader nancy pelosi said any deal must include an extension but dick durbin said that is not the case. >> i don't think we've reached that point where we said this is it take it or leave it. what i hear from patty murray, i spoke to her the other night negotiations are making progress, moving in the right direction. >> congress has scheduled to begin its break this friday and not return until january the 7th. >>> well, a week after that deadly commuter train wreck in new york officials are upgrading signals. the new signals are expected to be up and running this morning. of course, four people were killed last sunday when a metro north train hit a stretch of track at nearly three times the speed limit. metro north now reducing the maximum speeds at 26 locations across the system. an attorney for the engineer op
government shutdown and do keep the spending caps in place and don't raise taxes at a time when the economy is still weak and i think we can accomplish that over the next couple days. >> one issue still being debated extending long-term unemployment benefits. last week house mortgage leader nancy pelosi said any deal must include an extension but dick durbin said that is not the case. >> i don't think we've reached that point where we said this is it take it or leave it. what i hear...
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we know we don't have the skill set in our economy. there is just another report this past week about where america stands when it comes to the rest of the world in terms of educational skills. we have a lot of work to be done. so these are decimal points we're talking about. it's not really dealing with the larger, big picture issue about the american economy. >> katty kay, a final point on this? the president talked about a minimum wage hike this week, and it's just not going to happen. it's not going to happen if you look at the current political climate. so a lot of these things still go unaddressed. >> he was out making a political pitch this week, but you have individual states, individual cities that are doing things on the minimum wage, but we have the prospect of unemployment benefits being rescinded the beginning of next year. that could again have another knock-on effect of growth if people are not getting that kind of money. the underlying issues of this economy are still fragile at the moment, and the political consensus i
we know we don't have the skill set in our economy. there is just another report this past week about where america stands when it comes to the rest of the world in terms of educational skills. we have a lot of work to be done. so these are decimal points we're talking about. it's not really dealing with the larger, big picture issue about the american economy. >> katty kay, a final point on this? the president talked about a minimum wage hike this week, and it's just not going to happen....
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their argument is basically the economy is getting better. and they don't want the federal government to spend that much money. so you have a big ideological debate here about the role of unemployment benefits, rand paul, this kind of keeps people from getting jobs. the economic data suggests that's not true. that said, it's hard to get house republicans to agree to basically, you know -- withdraw sequester and also increase unemployment benefits in the same two weeks. so i think it's going to be the challenge as we go forward here. >> the washington speak on this is you might get more results if you don't have to have them swallow too many bitter pills at once. the skeptical view that many people have, they're not going to do it. the budget here, as i mentioned to the senator, seems to be a place where republicans don't want to double down. dana, let's listen for a second to something senator rand paul just said. >> what detroit needs to thrive is not washington's domineering hand, but freedom from big government's mastery. to thrive, detroi
their argument is basically the economy is getting better. and they don't want the federal government to spend that much money. so you have a big ideological debate here about the role of unemployment benefits, rand paul, this kind of keeps people from getting jobs. the economic data suggests that's not true. that said, it's hard to get house republicans to agree to basically, you know -- withdraw sequester and also increase unemployment benefits in the same two weeks. so i think it's going to...
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a lot of people signing up, economy sting continuing to strengthen. i think americans confidence will recover. >> a slew of international news to get to. start in afghanistan. american officials denying accusations from president karzai that the u.s. is withholding supplies to gain leverage in the negotiations between the two countries. karzai and his national security council say they believe the u.s. has cut off military supplies and fuel deliveries in order to pressure afghanistan into signing that new security agreement. u.s. embassy officials say that is simply not true. the u.s. government seeking a new deal to keep american troops in afghanistan beyond 2014 but president karzai listed a set of conditions that must be met before he disagrees to an extended u.s. military presence. let's go to other overseas stories. thailand, overnight the prime minister vowing to open every door for talks with protesters demanding resignation. about 30,000 demonstrators taking part in what they call a people's coup. police have been using tear gas and water cann
a lot of people signing up, economy sting continuing to strengthen. i think americans confidence will recover. >> a slew of international news to get to. start in afghanistan. american officials denying accusations from president karzai that the u.s. is withholding supplies to gain leverage in the negotiations between the two countries. karzai and his national security council say they believe the u.s. has cut off military supplies and fuel deliveries in order to pressure afghanistan into...
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, to address these problems. >> and despite their efforts, the economy's actually growing. the biggest problem, though, unfortunately, main street isn't feeling it. how do we have a conversation on poverty? that's a reason why the president's conversation is refreshing because he acknowledged a biggest principles that's holding us back, lack of information with equal education and access for everyone. >> you know, joe, i wanted to share pugh took a look at why are people poor? not surprisingly -- disappointingly not surprisingly, democrats said because of uncontrollable circumstances and 24% said lack of effort. for republicans, it was about exactly the reverse. 28% said uncontrollable circumstances versus 57% who said lack of effort. so, that is, of course, why the fake war on christmas that bill o'reilly is choosing to talk about is, you know, semantics rather than these issues of makers and takers, right? >> yeah. absolutely. and this whole thing of christmas versus holiday really is a distraction. it's a diversion from the statistics that you just pointed out. look. let
, to address these problems. >> and despite their efforts, the economy's actually growing. the biggest problem, though, unfortunately, main street isn't feeling it. how do we have a conversation on poverty? that's a reason why the president's conversation is refreshing because he acknowledged a biggest principles that's holding us back, lack of information with equal education and access for everyone. >> you know, joe, i wanted to share pugh took a look at why are people poor? not...
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still any respite is welcome in an economy with 12% unemployment and 40% inflation. on sunday for the first time inspectors from the u.n.'s nuclear watchdog toured the heavy water reactor at iraq. a sign that while there's plenty of scepticism some progress was already under way. robert, the president towed a careful line here. i thought his remarks were interesting. it seems like we're in the middle of what our good friend david axelrod likes to call kabuki theater, confident but not overconfident. i wonder about the deal back and forth between president obama and members of his own congress like bob menendez pushing this renewed sanctions deal. >> i do think you've got the potential collision of a lot of different time lines. the president, i think, is realistic to say there's a possibility of a deal but the deal can long move forward long-term if iranians are willing to do things. if he understands that from colliding time lines politically you've got congressional members from both parties pursuing sanctions. you've got israelis against this deal. i think the one
still any respite is welcome in an economy with 12% unemployment and 40% inflation. on sunday for the first time inspectors from the u.n.'s nuclear watchdog toured the heavy water reactor at iraq. a sign that while there's plenty of scepticism some progress was already under way. robert, the president towed a careful line here. i thought his remarks were interesting. it seems like we're in the middle of what our good friend david axelrod likes to call kabuki theater, confident but not...
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there is a lot of debate in general about how it will affect the economy. on the one hand you have fast food workers walking out across the country out of this wendy's here at 11:30 saying they need a raise in their minimum wage to $15 an hour from 7.25. if they were making 7.25 $ and working full time, that is about $15,000 a year. here in new york minimum wage is $8.90, but they are not able to get the full time work. they are capping out at about 35 hours a week. they say $15 is a living wage for them. you have the corporations. that's a non-starter. they will never get a raise like that. it will get passed down to the consumer in terms of higher prices for food. there no hard estimates, but some say the price of a duringer could go from $3 to $3.50. labor economists say that is not that big of a deal for a hamburger. they will pay less for welfare and fast food workers use about $7 billion in welfare and say ultimately if they are making more money, they won't need as much and you will not pay into that system. luke? >> live from brooklyn, thanks for jo
there is a lot of debate in general about how it will affect the economy. on the one hand you have fast food workers walking out across the country out of this wendy's here at 11:30 saying they need a raise in their minimum wage to $15 an hour from 7.25. if they were making 7.25 $ and working full time, that is about $15,000 a year. here in new york minimum wage is $8.90, but they are not able to get the full time work. they are capping out at about 35 hours a week. they say $15 is a living...